Malaysia’s natural rubber production in October was 51,209 tonnes, increased by 6.5 per cent as compared to 48,076 tonnes in September. Year-on-year comparisons showed the production dropped 23.8 per cent.

Average price of Latex Concentrate was recorded at 401.50 sen per kilogramme and the average price of Standard Malaysian Rubber 20 (S.M.R. 20) was 542.96 sen per kilogramme. Both prices showed a decrease of 1.9 per cent and 0.2 per cent respectively as compared to the average price in September 2018.

Malaysia’s natural rubber exports amounted 54,189 tonnes, increased 3.5 per cent as compared to September 2018. Main destination of exported natural rubber was to China which contributed 50.4 per cent of total exports in October, followed by Germany (13.6%), Iran (3.7%), Korea (3.5%) and Finland (3.3%).

Domestic consumption of natural rubber in October 2018 was 44,771 tonnes against 41,188 tonnes during September 2018, with an increase of 8.7 per cent. The rubber glove industry as the main consumer uses 33,075 tonnes or 73.9 per cent of the total natural rubber domestic consumption.

Stock of natural rubber stood at 165,533 tonnes, dropped by 7.7 per cent against 179,351 tonnes at the end of September 2018.

*Notes:

Data for October 2018 is provisional. The data will be updated based on the latest available figures and subsequently published in the November 2018 publication.